JP Morgan’s Top 5 Stock Picks for 2023

2. Apple Inc. (NASDAQ:AAPL)

JPMorgan’s Q3 2023 Investment Value: $22.5 billion

Apple Inc. (NASDAQ:AAPL) is the biggest consumer electronics and personal computing company in the world. These days, the firm might be in for some tough competition in China since Chinese tech giant Huawei has managed to equip phones with high end chips despite U.S. sanctions.

As of June 2023 end, 35 out of the 910 hedge funds profiled by Insider Monkey had bought the firm’s shares. Apple Inc. (NASDAQ:AAPL)’s biggest stakeholder in the third quarter was Warren Buffett’s Berkshire Hathaway courtesy of its $156 billion stake.

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